SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 5, 2006
HOUSTON AMERICAN ENERGY CORP.
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(Exact name of registrant as specified in Charter)
Delaware 0-33027 76-0675953
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File No.) Identification No.)
801 Travis Street, Suite 2020
Houston, Texas 77002
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(Address of Principal Executive Offices)(Zip Code)
713-222-6966
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(Issuer Telephone number)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
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following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
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Item 8.01. Other Events.
Houston American Energy Corp. (the "Company") provides the following updated
information regarding the status of drilling on its Cabiona prospect in
Colombia:
On September 3, 2006, Hupecol LLC completed the drilling of the Cabiona A1 well
to 4536 feet. The Cabiona A1 well was drilled on the Southern most location on
the contract area, which was an accessible location in the contract area in the
current very wet weather environment. Drilling of the Cabiona A1 well satisfies
the requirement of the Colombian National Hydrocarbon Agency (ANH) that a well
be drilled and logged on the contract area prior to September 9, 2006. The
Cabiona A1 well proved to be non-commercial and is currently being plugged.
The Cabiona A4 well, offsetting the original OXY Cabiona #1 well, is scheduled
to be drilled as a definitive test of the first of five geologic features within
the Cabiona contract area. The Cabiona A4 well is ready to be drilled with
drilling expected to commence immediately upon relocation of the drilling rig
from the Cabiona A1 site. The Cabiona #8 well is scheduled to be drilled upon
completion of drilling on the Cabiona A4 well to test the second of the five
geologic features.
The Company holds, through its interest in Hupecol Dorotea and Cabiona LLC ("HDC
LLC)", a 12.5% interest in the Cabiona concession. HDC LLC owns the Cabiona
concession through a contract with the ANH and Hupecol LLC is the operator of
the Cabiona concession.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
HOUSTON AMERICAN ENERGY CORP.
Dated: September 5, 2006
By: /s/ John Terwilliger
John Terwilliger,
President and Chief Executive Officer
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